Listed below are various statements, schedules, notes, and other elements that appear in a Comprehensive Annual Financial Report CAFR.
A. Demographic and Economic Information
B. Organization Chart
C. Table of Contents
D. Statement of Net Position
E. Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget-to-Actual
1. Identify the major section of the CAFR in which each element is found.
a. Introductory
b. Financial
c. Statistical
2. Identify the major subsection of the CAFR in which each element is found.
a. Introductory
b. Required Supplementary Information
c. Basic Financial Statements
d. Notes to the Financial Statements
e. Other Required Supplementary Information
f. Supplementary or Other Information
g. Statistical Section
3. List each element in the proper order that they are found in the CAFR.
A. Demographic and Economic Information
B. Organization Chart
C. Table of Contents
D. Statement of Net Position
E. Schedule of Revenues, Expenditures, and Change in Fund Balance - Budget-to-Actual
F. Proprietary Fund Statement of Cash Flows
G. Summary of Significant Accounting Policies
H. Letter of Transmittal
I. Governmental Funds Balance Sheet
J. Capital Asset note disclosure
K. Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities
L. Management's Discussion and Analysis
M. Statement of Net Position - Component Units
N. GFOA Certificate of Achievement for Excellence in Financial Reporting
O. Schedule of Employer Contributions
P. Statement of Fiduciary Net Position
Q. Parks and Recreation Special Revenue Fund Balance Sheet
R. Changes in Net Position, Last 10 Years
S. Statement of Activities
T. Auditor's Report
Correct Answer:
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a. Introd...
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A)
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Q5: The independent auditor's opinion covers, at a
Q9:
Q12: Management's Discussion and Analysis is
A) Part of
Q14: Which of the following is not part
Q16: Statistical tables are
A) Required in the basic
Q18: Footnote information that duplicates information in financial
Q19: A city has three related entities.
Q19: GAAP do not require
A) A management's discussion
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